MHK Buildcon LLP vs. Deputy Commissioner of Income Tax
Case No: ITA No.2649-2651/Mum/2026
Court: Income Tax Appellate Tribunal, Mumbai
Date: 24 Sep 2026
Parties Involved
appellantMHK Buildcon LLP
respondentDeputy Commissioner of Income Tax
Facts Summary
The case involves appeals by MHK Buildcon LLP against the assessment orders for the Assessment Years 2021-22, 2022-23, and 2023-24. The appeals primarily challenge the additions made under section 69A of the Income-tax Act, 1961, based on cash transactions found in the personal mobile phone of Shri Asif Matiya, a part-time accountant of the assessee. The assessee disputes the ownership of the entire cash transactions attributed to it by the Assessing Officer. The case also involves a separate dispute regarding purchases made by the assessee from two concerns, M/s Creative Corporation and Distributors Pvt. Ltd. and M/s G.M. Enterprise, for the Assessment Year 2022-23.…
Decision in favour of
Partly Assessee
Legal Issues
- 1. Whether the entire cash transactions found in Shri Asif Matiya's personal mobile phone belong to the assessee.
- 2. Whether the entire purchases from Creative Corporation and G.M. Enterprise should be disallowed as non-genuine.
Judgment Outcome
Decided in favour of Partly Assessee.